News from around the web: 2009-10-12

FT.com - Thomas Palley - A second Great Depression is still possible A reminder of the downside FT.com - Swedbank hits out at Latvia’s mortgage plan Of course they do. Latvia agrees budget cut goal Large spending cuts and tax…

Americans are not increasing savings

You have probably heard a lot of chatter from the media about a newfound thrift amongst American consumers. The general take is that Americans, faced with lost incomes and wealth and burdened by record levels of debt, have moved away…

News from around the web: 2009-10-11

FT.com - Latvian contagion There will be contagion: Lithuania and Estonia at a minimum. bubbleinfo.com » Only The Shadow Gives you a taste of the extent of the shadow inventory overhang “Capitalism: A Love Story” « naked…

Is the Fed just jawboning?

I tend to think so. Yesterday, Ben Bernanke made what some media outlets are calling hawkish statements.  This, combined with heavy currency intervention by Asian central banks, helped to strengthen the U.S. dollar. However one must…

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